Washington Court House, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Washington Court House, OH Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Washington Court House Housing Market Information

With a population of 14,019, 5,880 total housing units (homes and apartments), and a median house value of $102,995, house prices in Washington Court House are solidly below the national average.

Single-family detached homes are the single most common housing type in Washington Court House, accounting for 69.72% of the city's housing units. Other types of housing that are prevalent in Washington Court House include duplexes, homes converted to apartments or other small apartment buildings ( 19.69%), large apartment complexes or high rise apartments ( 7.70%), and a few row houses and other attached homes ( 1.88%).

The most prevalent building size and type in Washington Court House are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 47.56% owning and 52.44% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Washington Court House's housing was primarily built during this period, from the '40s through the '60s. A full 33.76% of the city's housing hails from this era. Other housing ages represented in Washington Court House include homes built between 1970-1999 ( 31.48%) and housing constructed before 1939 ( 20.62%). There's also some housing in Washington Court House built between 2000 and later ( 14.14%).

Vacant housing appears to be an issue in Washington Court House. Fully 10.31% of the housing stock is classified as vacant. Left unchecked, vacant Washington Court House homes and apartments can be a drag on the real estate market, holding Washington Court House real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Washington Court House Home Appreciation Rates

Washington Court House's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Washington Court House during the period has been just -1.14%, which is lower than 70% of US communities.

Over the last year, Washington Court House appreciation rates have trailed the rest of the nation. In the last twelve months, Washington Court House's appreciation rate has been 3.01%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Washington Court House were at -0.60%, which equates to an annual appreciation rate of -2.39%.

Notably, Washington Court House's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Ohio, our data show that Washington Court House's latest annual appreciation rate is higher than 50% of the other cities and towns in Ohio.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Washington Court House differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Washington Court House - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Washington Court House real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$102,995

Washington Court House, OH HOME PRICES

Value Range
> $1,093,000 0.0
$820,001 - $1,093,000 0.2
$546,001 - $820,000 0.0
$437,001 - $546,000 0.3
$328,001 - $437,000 2.2
$219,001 - $328,000 7.8
$109,001 - $219,000 37.7
$54,001 - $109,000 40.7
$0 - $54,000 11.1

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
75.6416266260401 76.246719160105

Number Of Homes And Apartments:
5,880

Washington Court House Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
6.80% 0.38% 4 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$912 / per month

Homeownership Rate

Homeownership
Owners 47.56
Renters 52.44
Vacant 10.31

Housing Market Details

 

Age of Homes

AGE OF Washington Court House HOMES
2000 or Newer 14.1
1970 - 1999 31.5
1940 - 1969 33.8
1939 or Older 20.6

Types of Homes

TYPE OF Washington Court House HOMES
Single-Family 69.7
Townhomes 1.9
Small Apt. Buildings 19.7
Apt. Complexes 7.7
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF Washington Court House HOMES
No Bedroom 0.34
1 Bedroom 12.03
2 Bedrooms 34.20
3 Bedrooms 43.30
4 Bedrooms 8.15
5 or more bedrooms 1.98